Home › Forums › Financial Markets/Economics › The Tea Party downgrade
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August 8, 2011 at 7:44 PM #717542August 8, 2011 at 7:51 PM #716350Paul0373Participant
Briansd1, isn’t it bizarre that S&P ranks the European train wrecks higher than America? Doesn’t that seem strange to you? And what happens when we, The American Tea Party, bucks all the big government entitlement spending and burdensome taxation? S&P downgrades the country…. what better way to bring us “in-line.” When we don’t raise taxes… they force it on us. They know that more taxes and more spending will destroy this country… destroy a free and sovereign United States. Wake up! There’s a lot of people out there that would like to see this country go down. Oh, the political dysfunction you’re talking about? Our Founders, very wisely, structured our government to make it difficult to get “things” done. And most of the “things” that we’re trying to get done are things that the government shouldn’t even be involved in! The government that governs best, governs least. Tea Party all the way…
August 8, 2011 at 7:51 PM #716441Paul0373ParticipantBriansd1, isn’t it bizarre that S&P ranks the European train wrecks higher than America? Doesn’t that seem strange to you? And what happens when we, The American Tea Party, bucks all the big government entitlement spending and burdensome taxation? S&P downgrades the country…. what better way to bring us “in-line.” When we don’t raise taxes… they force it on us. They know that more taxes and more spending will destroy this country… destroy a free and sovereign United States. Wake up! There’s a lot of people out there that would like to see this country go down. Oh, the political dysfunction you’re talking about? Our Founders, very wisely, structured our government to make it difficult to get “things” done. And most of the “things” that we’re trying to get done are things that the government shouldn’t even be involved in! The government that governs best, governs least. Tea Party all the way…
August 8, 2011 at 7:51 PM #717038Paul0373ParticipantBriansd1, isn’t it bizarre that S&P ranks the European train wrecks higher than America? Doesn’t that seem strange to you? And what happens when we, The American Tea Party, bucks all the big government entitlement spending and burdensome taxation? S&P downgrades the country…. what better way to bring us “in-line.” When we don’t raise taxes… they force it on us. They know that more taxes and more spending will destroy this country… destroy a free and sovereign United States. Wake up! There’s a lot of people out there that would like to see this country go down. Oh, the political dysfunction you’re talking about? Our Founders, very wisely, structured our government to make it difficult to get “things” done. And most of the “things” that we’re trying to get done are things that the government shouldn’t even be involved in! The government that governs best, governs least. Tea Party all the way…
August 8, 2011 at 7:51 PM #717191Paul0373ParticipantBriansd1, isn’t it bizarre that S&P ranks the European train wrecks higher than America? Doesn’t that seem strange to you? And what happens when we, The American Tea Party, bucks all the big government entitlement spending and burdensome taxation? S&P downgrades the country…. what better way to bring us “in-line.” When we don’t raise taxes… they force it on us. They know that more taxes and more spending will destroy this country… destroy a free and sovereign United States. Wake up! There’s a lot of people out there that would like to see this country go down. Oh, the political dysfunction you’re talking about? Our Founders, very wisely, structured our government to make it difficult to get “things” done. And most of the “things” that we’re trying to get done are things that the government shouldn’t even be involved in! The government that governs best, governs least. Tea Party all the way…
August 8, 2011 at 7:51 PM #717547Paul0373ParticipantBriansd1, isn’t it bizarre that S&P ranks the European train wrecks higher than America? Doesn’t that seem strange to you? And what happens when we, The American Tea Party, bucks all the big government entitlement spending and burdensome taxation? S&P downgrades the country…. what better way to bring us “in-line.” When we don’t raise taxes… they force it on us. They know that more taxes and more spending will destroy this country… destroy a free and sovereign United States. Wake up! There’s a lot of people out there that would like to see this country go down. Oh, the political dysfunction you’re talking about? Our Founders, very wisely, structured our government to make it difficult to get “things” done. And most of the “things” that we’re trying to get done are things that the government shouldn’t even be involved in! The government that governs best, governs least. Tea Party all the way…
August 8, 2011 at 8:11 PM #716360briansd1Guest[quote=SD Realtor]Sorry there was no obstruction. The house presented options that were shot down in the senate. [/quote]
Yes there was obstruction on the part of Republicans because they tied paying existing bills to future spending.
How would your creditor feel if you said that you won’t pay the credit card bill for your wife’s spa services if she won’t cut her future spending?
The debt limit being reached is the summation of past budgets that Congress approved and is obligated to pay for.
The proper thing to do would have been to raise the ceiling as a recognition of Congress’ willingness to pay for past appropriations.
The debt ceiling should not even exit because it is in contradiction with other acts of Congress.
You have to pay your existing bills first. Then you deal with future budgets. Creditors and vendors cannot trust you if can’t work out your budget in advance.
S&P is viewing this from the perspective of creditors. S&P is worried that politicians are unwilling to pay the bills that have already been incurred. That’s a bad sign when future bills are concerned.
August 8, 2011 at 8:11 PM #716451briansd1Guest[quote=SD Realtor]Sorry there was no obstruction. The house presented options that were shot down in the senate. [/quote]
Yes there was obstruction on the part of Republicans because they tied paying existing bills to future spending.
How would your creditor feel if you said that you won’t pay the credit card bill for your wife’s spa services if she won’t cut her future spending?
The debt limit being reached is the summation of past budgets that Congress approved and is obligated to pay for.
The proper thing to do would have been to raise the ceiling as a recognition of Congress’ willingness to pay for past appropriations.
The debt ceiling should not even exit because it is in contradiction with other acts of Congress.
You have to pay your existing bills first. Then you deal with future budgets. Creditors and vendors cannot trust you if can’t work out your budget in advance.
S&P is viewing this from the perspective of creditors. S&P is worried that politicians are unwilling to pay the bills that have already been incurred. That’s a bad sign when future bills are concerned.
August 8, 2011 at 8:11 PM #717048briansd1Guest[quote=SD Realtor]Sorry there was no obstruction. The house presented options that were shot down in the senate. [/quote]
Yes there was obstruction on the part of Republicans because they tied paying existing bills to future spending.
How would your creditor feel if you said that you won’t pay the credit card bill for your wife’s spa services if she won’t cut her future spending?
The debt limit being reached is the summation of past budgets that Congress approved and is obligated to pay for.
The proper thing to do would have been to raise the ceiling as a recognition of Congress’ willingness to pay for past appropriations.
The debt ceiling should not even exit because it is in contradiction with other acts of Congress.
You have to pay your existing bills first. Then you deal with future budgets. Creditors and vendors cannot trust you if can’t work out your budget in advance.
S&P is viewing this from the perspective of creditors. S&P is worried that politicians are unwilling to pay the bills that have already been incurred. That’s a bad sign when future bills are concerned.
August 8, 2011 at 8:11 PM #717200briansd1Guest[quote=SD Realtor]Sorry there was no obstruction. The house presented options that were shot down in the senate. [/quote]
Yes there was obstruction on the part of Republicans because they tied paying existing bills to future spending.
How would your creditor feel if you said that you won’t pay the credit card bill for your wife’s spa services if she won’t cut her future spending?
The debt limit being reached is the summation of past budgets that Congress approved and is obligated to pay for.
The proper thing to do would have been to raise the ceiling as a recognition of Congress’ willingness to pay for past appropriations.
The debt ceiling should not even exit because it is in contradiction with other acts of Congress.
You have to pay your existing bills first. Then you deal with future budgets. Creditors and vendors cannot trust you if can’t work out your budget in advance.
S&P is viewing this from the perspective of creditors. S&P is worried that politicians are unwilling to pay the bills that have already been incurred. That’s a bad sign when future bills are concerned.
August 8, 2011 at 8:11 PM #717557briansd1Guest[quote=SD Realtor]Sorry there was no obstruction. The house presented options that were shot down in the senate. [/quote]
Yes there was obstruction on the part of Republicans because they tied paying existing bills to future spending.
How would your creditor feel if you said that you won’t pay the credit card bill for your wife’s spa services if she won’t cut her future spending?
The debt limit being reached is the summation of past budgets that Congress approved and is obligated to pay for.
The proper thing to do would have been to raise the ceiling as a recognition of Congress’ willingness to pay for past appropriations.
The debt ceiling should not even exit because it is in contradiction with other acts of Congress.
You have to pay your existing bills first. Then you deal with future budgets. Creditors and vendors cannot trust you if can’t work out your budget in advance.
S&P is viewing this from the perspective of creditors. S&P is worried that politicians are unwilling to pay the bills that have already been incurred. That’s a bad sign when future bills are concerned.
August 8, 2011 at 8:17 PM #716370SD RealtorParticipantGood no answer Brian. So label one of the parties obstructionists, because they presented something that didn’t align with your ideology. Especially when you could have dealt with the problems with yoru own party entirely in charge.
Yep, it is definitely absolutely always someone elses fault.
August 8, 2011 at 8:17 PM #716461SD RealtorParticipantGood no answer Brian. So label one of the parties obstructionists, because they presented something that didn’t align with your ideology. Especially when you could have dealt with the problems with yoru own party entirely in charge.
Yep, it is definitely absolutely always someone elses fault.
August 8, 2011 at 8:17 PM #717058SD RealtorParticipantGood no answer Brian. So label one of the parties obstructionists, because they presented something that didn’t align with your ideology. Especially when you could have dealt with the problems with yoru own party entirely in charge.
Yep, it is definitely absolutely always someone elses fault.
August 8, 2011 at 8:17 PM #717210SD RealtorParticipantGood no answer Brian. So label one of the parties obstructionists, because they presented something that didn’t align with your ideology. Especially when you could have dealt with the problems with yoru own party entirely in charge.
Yep, it is definitely absolutely always someone elses fault.
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